Fact Checker: Would 'every small dollar donated' be matched 6-to-1 under the House Democratic plan?
By Glenn Kessler Glenn Kessler The Fact Checker Email Bio Follow March 8 at 3:00 AM “The bill sends your taxpayer dollars to fund political campaigns. Not to build roads or bridges but to add 600 percent of taxpayer money to every small dollar donated by Americans. So let’s say Mary from Michigan donates $200 to her preferred candidate. Well, now you — the taxpayer — have just chipped in another 1,200 bucks.” The House of Representatives will be voting on H.R.
“Candidates for office today face the difficult challenge of having to raise significant amounts of funds and to do so quickly if they want to be considered viable,” the report said. “Few can manage this without relying heavily on a network of donors and organized interests.” Moreover, while individuals can currently contribute as much as $2,700 a cycle to congressional candidates, participants must agree to accept no contributions larger than $1,000.
Both McCarthy and Davis also claimed that the matching funds were taxpayer money. As the bill is now structured, that’s not correct. The money for the matching donations would come from a 2.75 percent fee assessed on civil and criminal financial penalties with the government, which then would be earmarked for a “Freedom From Influence Fund.”
The bill, however, explicitly says payments will be reduced if there is insufficient money in the fund and no money can be used from other sources: “In any case in which the Commission determines that there are insufficient moneys in the Fund to make payments to participating candidates under this title, moneys shall not be made available from any other source for the purpose of making such payments.
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